American Victims of Terrorism Compensation Act

This bill amends the Justice for United States Victims of State Sponsored Terrorism Act to establish a fifth round of payments for eligible victims of state-sponsored terrorism, requiring all authorized payments to be distributed by December 31, 2024. It directs specific funds into the Victims of State Sponsored Terrorism Fund, including $898 million from the Binance case settlement and 50% of annual unobligated balances from DOJ and Treasury forfeiture funds starting December 1, 2024. The bill mandates annual payments beginning January 1, 2025, for eligible claimants and requires the Special Master to submit annual reports on fund activity to Congress, including detailed deposit and disbursement records. It directly affects victims of state-sponsored terrorism, the Special Master administering the fund, and federal agencies managing forfeiture funds.